Market Clubhouse Morning Memo - March 18th, 2024 (Trade Strategy For SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, And TSLA)
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The Market Clubhouse Morning Memo for March 18th, 2024, provides trading strategies for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA, based on a proprietary formula. It offers detailed support and resistance levels for each asset, advising traders to monitor these stocks for potential breakouts or reversals. The memo also highlights the importance of staying alert to market changes to optimize trading gains. Additionally, it mentions the upcoming NAHB Housing Market Index and Treasury bill auction results, with a note on the anticipated FOMC rate decision.
March 18, 2024 | 2:31 pm
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NEUTRAL IMPACT
AAPL's strategy includes bullish targets to 174.59 and bearish levels to 170.32, with the stock currently around 172.95.
AAPL's trading strategy, with clear bullish and bearish targets, suggests a neutral impact, highlighting the need for vigilance in market movements.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
GOOGL's trading strategy sets a bullish target at 150.41 and a bearish goal at 145.94, with the stock around 148.95.
GOOGL's trading strategy, with specified bullish and bearish targets, suggests a neutral impact, underlining the need for close market observation.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
META's trading outlook includes bullish aspirations to 498.03 and bearish considerations to 480.96, currently at 488.81.
META's trading strategy, detailing both bullish and bearish targets, suggests a neutral impact, emphasizing the significance of market vigilance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
MSFT's trading plan targets a bullish peak at 419.17 and a bearish floor at 409.69, trading around 414.56.
MSFT's specific trading targets suggest a neutral impact, with a balanced view on potential upward and downward movements.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
NVDA's strategy aims for a bullish high at 917.98 and a bearish target at 865.62, with current trading near 898.13.
NVDA's trading strategy, offering clear targets for both bullish and bearish scenarios, indicates a neutral impact, stressing the importance of market monitoring.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
QQQ's trading strategy outlines bullish goals up to 441.56 and bearish objectives down to 432.84, with current navigation around 436.58.
Given the specific bullish and bearish targets for QQQ, the strategy suggests a neutral impact, emphasizing the importance of monitoring for potential shifts.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
SPY trading strategy includes bullish targets up to 515.68 and bearish targets down to 508.83, based on current trading around 511.69.
The detailed support and resistance levels provided for SPY indicate a balanced view with specific targets for both bullish and bearish scenarios, suggesting a neutral short-term impact.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
TSLA's trading strategy targets a bullish zenith at 182.53 and a bearish nadir at 162.32, with the stock at 169.70.
TSLA's trading strategy, with its clear bullish and bearish targets, indicates a neutral impact, highlighting the importance of monitoring market trends.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90